161–170 of 371 posts
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How could anyone ever know this? Uber doesn't even have this data, since the tip is in cash.
I've seen Uber drivers discuss this on forums. For some drivers, 'no tip' = 'no 5 star rating for the passenger'
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Say the average wage is $10/hour. If it takes one hour to go and do that shopping, I break even by paying someone else that $10, if I value my leisure time as equivalent to my wage. More likely, most Instacart customers earn much more than $10/hour. For someone with a busy work schedule, there might be 2 hours of leisure time available per day during the week. This means that by using Instacart I increase my after-wo…
>I break even by paying someone else that $10, if I value my leisure time as equivalent to my wage. I value my leisure time at the arbitrary amount of $1000/hr. Have I broken even if I pay $1000 to someone so they'll do my grocery shopping?
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That sounds like a small market that's destined to shrink.
In the very long run, maybe. I don't see NIMBYs losing steam and I don't see the migration into major metros slowing down either. Maybe when the self-driving car comes?
Two years ago downtown L.A. didn't have a Whole Foods Market, and Instacart-branded packages were commonplace in residential complexes. Low and behold downtown L.A. gets a Whole Foods Market. Someone at Instacart probably has the right numbers, but combined with Costco delivering more of their everyday stuff, anecdotally I see fewer Instacart bags around.
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I've learned this once talking to one of the shoppers. I never tipped again after that / I tip in cash for the good ones once they deliver at my door.
The shoppers do not deliver to your door FYI.
From conversations with the shoppers, it also varies by store chain. Different chains have different deals with Instacart as to how the shoppers can perform their jobs, including if it's the same person delivering.
My impression is that when they get what they want, Instacart has shoppers that stay in the store shopping and drivers that deliver.
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>What is the market for +10% on groceries and basic necessities? People who live in the suburbs without cars. Cities are successfully discouraging car ownership by making parking scarce near downtown offices and even the suburban transit stations that lead to downtown offices. At the same time, cities aren't permitting the construction of dense, walkable neighborhoods, at least not fast enough to make them affordable…
> People who live in the suburbs without cars. I've ordered lots of Instacart in NYC and Chicago. I used to have it drop off a few things at the office for lunch, and a few to go in the fridge for lunches later in the week. Consider that Instacart will charge 10% to deliver a baguette and some cheese, which can make lunch for several people. This is a way better deal that Seamless. Seamless charges what amounts to a…
I live in the suburbs with multiple cars. That said I would love if a service (ideally for grocery and restaurant delivery) was in my area. I just don't feel like dealing with rush hour; or the time it takes to grocery shop. I have tried taskrabbit and hiring someone off craigslist. I had better luck with craigslist (for grocery shopping), yet then all sorts of legalities some up that I don't feel like dealing with either.
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I have been reading a lot about Russia and China recently, and I'm struck by just how much more realistic their citizenry is compared to America. I think it ultimately boils down to how real power operates in the countries. The average Russian or Chinese citizen is way less powerful than the average American citizen. If they have a grievance to make, whether it's against a local or national policy, Russians and Chine…
> outrage will be generated and justice will be served. Trump is the personification of the outrage over illegal immigration, crime, bad trade deals, and the Neocon (globalist) wing of the Republican party. > liberal Americans trusted the system enough to stop looking to see how it was being used Umm, what? For over a year, liberal Americans were aghast at the rise of Literally Hitler and made no bones about sharing…
Exactly, it's the system working for the other side of the country. They didn't have nearly as good of a grassroots outreach mechanism, they finally built one.
The two sides cannot agree on what justice means. That's ultimately a national question and so it had to be settled in the election. It's the Republicans now that get to decide what justice means, and liberals get to lick their wounds and retrench.
The direction the world is moving in is liberalism. So this can only be a minor setback.
> Umm, what? For over a year, liberal Americans were aghast at the rise of Literally Hitler and made no bones about sharing their opinion on the matter.
Right, they pressed the outrage button thinking it was going to fix the problem, like it usually does. It didn't because Trump outmaneuvered them.
They have tens of thousands of customers, yet are worth multiple billions of dollars (valued at $2bn in 2015.) That's just incredible. Let's say they have 100k customers who each use the service every week. That's 5.2m orders per year. Let's say $100 per order, to be generous. At a 10% service fee, that's $50m for a two-year-old 40x revenue multiple. Before paying their contracted workforce. This does not make sense.…
>What is the market for +10% on groceries and basic necessities? People who live in the suburbs without cars. Cities are successfully discouraging car ownership by making parking scarce near downtown offices and even the suburban transit stations that lead to downtown offices. At the same time, cities aren't permitting the construction of dense, walkable neighborhoods, at least not fast enough to make them affordable…
They have tens of thousands of customers, yet are worth multiple billions of dollars (valued at $2bn in 2015.) That's just incredible. Let's say they have 100k customers who each use the service every week. That's 5.2m orders per year. Let's say $100 per order, to be generous. At a 10% service fee, that's $50m for a two-year-old 40x revenue multiple. Before paying their contracted workforce. This does not make sense.…
[1] https://www.washingtonpost.com/news/wonk/wp/2014/10/14/the-m...
http://time.com/money/4185441/millennials-drivers-licenses-g...
Etc.
They have tens of thousands of customers, yet are worth multiple billions of dollars (valued at $2bn in 2015.) That's just incredible. Let's say they have 100k customers who each use the service every week. That's 5.2m orders per year. Let's say $100 per order, to be generous. At a 10% service fee, that's $50m for a two-year-old 40x revenue multiple. Before paying their contracted workforce. This does not make sense.…
>What is the market for +10% on groceries and basic necessities? People who live in the suburbs without cars. Cities are successfully discouraging car ownership by making parking scarce near downtown offices and even the suburban transit stations that lead to downtown offices. At the same time, cities aren't permitting the construction of dense, walkable neighborhoods, at least not fast enough to make them affordable…
They have tens of thousands of customers, yet are worth multiple billions of dollars (valued at $2bn in 2015.) That's just incredible. Let's say they have 100k customers who each use the service every week. That's 5.2m orders per year. Let's say $100 per order, to be generous. At a 10% service fee, that's $50m for a two-year-old 40x revenue multiple. Before paying their contracted workforce. This does not make sense.…
You're hijacking the comments with your company valuation thing instead of thinking about the workers for once as is the whole point of the article.